BALTIMORE, May 11, 2012: Baltimore Mayor Stephanie Rawlings-Blake has
announced details of a proposed 5-year agreement with Race On, LLC, a
company contracted with Andretti Sports Marketing, who will run all
commercial and operational aspects of the Grand Prix of Baltimore on Labor
Day weekend 2012. Following a public review period, the final contract will
be presented to the Board of Estimates on May 16, 2012 for a vote.

The Race On and Andretti Sports Marketing team bring well-known local
business leadership, coupled with one of the most respected names in auto
racing. As part of Race On's proposal, Andretti Sports Marketing, led by
racing legend Michael Andretti, will provide a "turn-key" solution to run
the Grand Prix of Baltimore, including sponsorships, public relations,
marketing, hospitality, ticket sales, track build, grandstand layout, and
logistics.

The new Race On agreement guarantees payment for cost sharing City
services, regardless of the number of tickets sold and safeguards
admissions and amusement tax revenue in an escrow lock box. The City has
terminated its agreement with Downforce Racing, which failed to meet
City-imposed benchmarks contained in the previous motorsports
agreement.

"The Grand Prix was a great event for Baltimore that boosted our local
economy and showcased our city on the international stage," Mayor
Rawlings-Blake said. "This has been a difficult process, but Race On and
Andretti Sports Marketing have what it takes to move forward and make this
world-class sporting event successful for Baltimore."

Race On, LLC, a minority-owned Maryland company is led by J.P. Grant of
Grant Capital Management and Greg O'Neill of BMW Construction Specialists,
Inc. Race On, LLC and Andretti Sports Marketing have the full support and
approval of both the IndyCar and American Lemans Series to successfully
promote and execute the Grand Prix of Baltimore.

"We have assembled a great, world-class team that will ensure the Grand
Prix of Baltimore is a success," said J.P. Grant. "I grew up in Baltimore.
This event is great for the city I love and will become a new tradition
Baltimoreans can be proud of for years to come."

"Our company has a history of resurrecting races in cities such as
Toronto, Milwaukee and St. Petersburg, Fla., so we are confident we can do
the same for the Grand Prix of Baltimore," said Michael Andretti, CEO of
Andretti Sports Marketing. "By combining our decades of motorsports
expertise with the substantial backing of local investors and community
support, we believe the Grand Prix of Baltimore can become one of the most
prominent sporting events on the Eastern Seaboard. We're thrilled to be
working with Race On, J.P. Grant, Greg O'Neill and the city of
Baltimore."

Full details about the Grand Prix of Baltimore will be announced after
the final approval of the contracts by the Board of Estimates on May
16.